According to the Restatement,manifesting an Intention to Act or an Intention

question 53

Multiple Choice

According to the Restatement,manifesting an intention to act or an intention to refrain from acting in a specified manner is considered to be:

• A) an implied in fact contract.
• B) an express contract.
• C) a promise.
• D) a quasi contract.

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Definitions:

Net Present Value

The difference between the present value of cash inflows and outflows over a period, used to assess the profitability of investments.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, accounting for time value of money.

Annual Cost Savings

The reduction in costs achieved during a specific year, often through efficiency improvements or expense cuts.

Combined Present Value

A method of evaluating the overall present value of multiple future cash flows by discounting them back to their present value at a specific discount rate.